Generac (NYSE:GNRC) CEO Sells $1,030,000.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the transaction, the chief executive officer directly owned 544,528 shares in the company, valued at approximately $112,172,768. This represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aaron Jagdfeld also recently made the following trade(s):

• On Tuesday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $182.21, for a total transaction of $911,050.00.
• On Monday, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $194.89, for a total value of $974,450.00.

Generac Price Performance

Shares of Generac stock opened at $217.24 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The business’s 50 day simple moving average is $200.61 and its two-hundred day simple moving average is $226.17. The stock has a market capitalization of $12.82 billion, a P/E ratio of 50.06, a price-to-earnings-growth ratio of 1.86 and a beta of 1.91.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. Analysts forecast that Generac Holdings Inc. will post 9.74 EPS for the current year.

Institutional Trading of Generac

A number of institutional investors and hedge funds have recently modified their holdings of GNRC. Nicollet Investment Management Inc. grew its position in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares in the last quarter. Essential Partners LLC boosted its stake in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares during the period. Oarsman Capital Inc. boosted its stake in Generac by 4.3% in the 2nd quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock worth $437,000 after purchasing an additional 61 shares during the period. Finally, Arizona State Retirement System boosted its stake in Generac by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 16,190 shares of the technology company’s stock worth $4,741,000 after purchasing an additional 64 shares during the period. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNRC. TD Cowen reissued a “buy” rating on shares of Generac in a research report on Monday, July 20th. Raymond James Financial set a $286.00 target price on shares of Generac in a research note on Thursday, September 17th. Citigroup reduced their price target on shares of Generac from $300.00 to $232.00 and set a “neutral” rating on the stock in a research report on Wednesday. DA Davidson set a $333.00 price target on shares of Generac in a research note on Thursday, July 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $283.00 price objective on shares of Generac in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.25.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.